Shoals Technologies Group Inc (NASDAQ:SHLS) traded at $8.52 at close of the session on Friday, April 26, made an upward move of 3.15% on its previous day’s price.
Looking at the stock we see that its previous close was $8.26 . The company has a trailing 12-month PE ratio of 34.37. In terms of its 52-week price range, SHLS has a high of $28.34 and a low of $8.06. The company’s stock has lost about -27.55% over that past 30 days.
Shoals Technologies Group Inc has a market cap of $1.45 billion. Estimates by analysts give the company expected earnings per share (EPS) of $0.06, with the EPS growth for the year raised at $0.6 for 2024 and $0.86 for next year. These figures represent -7.70% and 43.30% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $97.4 million, with a low of $90.97 million and a high of $127.2 million. The median projection represents growth adding up to -7.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $506.42 million, or 3.60% up from figures reported last year.
On the other hand, looking at the outlook for the SHLS stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note that the PEG ratio for the SHLS stock currently stands at 2.32, and the current price level is -10.56% off its SMA20 and -28.08% from its 50-day simple moving average. The RSI (14) is pointing at 31.45 while the volatility over the past week is 5.23% and jumps to 5.09% over the past one month. The beta value is 1.87, while the average true range (ATR) is currently pointing at 0.53.
Coming back to Shoals Technologies Group Inc (NASDAQ:SHLS), we note that the average 3-month trading volume was 4.03 million. Current shares outstanding are 170.12 million.
The insiders hold 3.70% of the company’s shares while institutions hold 116.16%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -45.17% down in year-to-date price movement.
